Solana (SOL) has seen a significant increase in interest in the cryptocurrency market, with a significant 40% increase in its value within a short period of time in the daily chart.
Despite the positive sentiment surrounding Bitcoin and Ethereum, which have risen back to over $21,000 and $1,600, respectively, Solana is emerging as the standout performer as the weekend begins.
According to Coinmarketcap, Solana is currently trading at $22.30, with an impressive 80% increase in value in the past week.
Furthermore, trading volume has seen a significant growth of 200% in the last 24 hours, and its market capitalization has risen by 31.05% in the same period.
However, the next resistance level remains at $24.40, while a bearish breakout of $20.50 could open the door to further declines to the $15.50 level.
Solana has been defying market pressure, seeing a return of retail demand in recent weeks. The Solana network has seen increased activity due to excitement around meme currencies, resulting in growth in on-chain activity and trade volume.
The risen number of daily active users on the Solana network has also significantly contributed to growth in its total value locked (TVL).
A Solana Game Migrated To Ethereum Platform
Tiny Colony, a web3 construction and management game, makes its debut on ImmutableX, the go-to platform for web3 games on Ethereum from Immutable, a leading web3 gaming firm, according to the January 13th press release.
The game, initially on the Solana blockchain, migrates to IMX to benefit from its advanced scaling features while preserving Ethereum’s robust security and decentralization. It was a best-seller on digital marketplace Fractal, with over 18,000 assets sold and $3 million US in revenue generated before the move.
According to the press release, Tiny Colony will resume game development and gain specialized technical support and consultation due to this partnership with Immutable. By using ImmutableX, the game will have faster performance, improved security, a built-in crypto wallet for new web3 gamers, the ability to pay with fiat currency, and more.
Tiny Colony’s CEO, Arshia Navabi, expressed excitement about the partnership with ImmutableX, citing the company’s reputation for producing high-quality web3 games and supporting projects through its platform.
She added that the partnership allows Tiny Colony to access ImmutableX’s specialized technical support, product development guidance, and long-term direction as they continue to develop the game.
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